ES/MES Friday 15th Buy Pullback in Up Channel
Even though I am still not convinced that this rally is real, I will still participate in it on the next pullback for the next leg up for about 150 points. The all time high is just a skip away. After the last two weeks of sideways consolidation, and the Friday NFP gap up, I believe it will go sideways between 4625-4680 until the end of the week for the next impulse move higher.
The 200sma on the hourly is rising = Bullish position
The 21ema on the hourly is also rising = Bullish Position
I took a loss on my last trade trying to short even though there were no sell signals yet. Currently there are no sell signals as well and only strong buy signals.
The 200sma on the hourly is rising = Bullish position
The 21ema on the hourly is also rising = Bullish Position
I took a loss on my last trade trying to short even though there were no sell signals yet. Currently there are no sell signals as well and only strong buy signals.
Nota
Three levels of confluence and support suggests another move higherNota
Projected price action for the upcoming week. I expect a sideways movement and the falling wedge on Thursday for the gap up Friday for the next leg higher.Nota
This uptrend on the daily is ultimately, a bear flag on the monthly. I will continue to ride the uptrend until the bearish trend takes back over.Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.